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Oracle 1z1-506 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. There are concurrent programs that run related to data in the Overview Region of the review Customer Accounts Details user interface. Which program is run to synchronize the updated receivables data?

A) Process Receivables Past Due Transactions for summary Tables Program
B) Process Receivables transactional Events for Summary Tables Program.
C) Refresh Receivables transactional Events for Summary Tables Program.
D) Refresh Receivables Past Due Transactions for summary Tables Program

2. Which three transaction types are used to generate late charges?

A) Invoice Interest
B) Adjustments against the original transaction
C) Debit Memo
D) Credit Memo
E) Cash Receipts

3. A Receivables Manager wants to override the receipt remittance bank account with the remittance batch bank account. Select three valid setups that will enable an override of the receipt remittance bank account.

A) Enable the Override Bank option on the receipt remittance bank.
B) Both the receipt and remittance batch bank account should have different General Ledger at accounts defined.
C) Enable the Allow Override option on the receipt.
D) Enable the Ignore the Override option on the remittance batch.
E) Disable the Ignore Override option on the remittance batch.

4. The Adjust Customer Balances activity allows you to_____________.

A) Write off small balance receipts but does NOT allow you to write-off uncollectable Invoices
B) Write-off uncollectable invoices and write-off small balance receipts
C) Provide approval processing of credit requests and automated receipts
D) Write-off uncollectable invoices but does NOT allow you to write-off small balance receipts

5. What information does the Collector see in the Activities List area of the Collections Dashboard?

A) Customer search as per the parameters specified
B) Information about customers who have overdue bills
C) Tasks assigned to the Collector, such as follow up calls
D) Status of processing activities from the Process Monitor

Solutions: